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Relay Platform has introduced that it has launched a brand new digital quoting answer for brokers and brokers seeking to safe administration legal responsibility insurance policies.
The brand new Relay Administration Legal responsibility (ML) API answer permits retail brokers and wholesale brokers to generate quotes close to immediately and bind ML insurance policies. This answer was made attainable by means of a direct API integration with the insurer Counterpart Insurance coverage.
Counterpart Insurance coverage is likely one of the first ML suppliers to make use of proprietary information and cutting-edge know-how in response to mounting settlement and authorized bills, an announcement mentioned.
Based on a launch, the ML answer will help administration legal responsibility coverages together with employment practices legal responsibility insurance coverage (EPL), administrators & officers insurance coverage (D&O), and fiduciary legal responsibility insurance coverage.
“At Relay, we attempt for materials differentiation on all ranges of our product providing,” mentioned Relay Platform chief insurance coverage officer Anne Hasenstab. “A key element of that is figuring out service companions led by prime notch trade consultants backed by financially sound capability and a product suite that’s each intuitive and modern. Counterpart encapsulates all components of this triad.”
Relay Platform was acquired by the San Francisco-based insurtech At-Bay final August. Following the acquisition, Relay continued to serve brokers and companions as an unbiased entity, whereas At-Bay gained entry to Relay’s devoted dealer platform and API.
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